Plains All American Pipeline (NYSE:PAA) Issues Quarterly Earnings Results

Plains All American Pipeline (NYSE:PAA - Get Free Report) issued its earnings results on Friday. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02, Briefing.com reports. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The firm had revenue of $12 billion during the quarter, compared to analysts' expectations of $12.98 billion. During the same quarter last year, the company posted $0.41 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year.

Plains All American Pipeline Trading Up 1.5 %

Shares of NYSE PAA traded up $0.26 on Friday, reaching $17.49. 5,599,907 shares of the company traded hands, compared to its average volume of 4,457,181. The stock has a market capitalization of $12.26 billion, a PE ratio of 12.58 and a beta of 1.58. The company has a 50 day moving average of $17.37 and a 200 day moving average of $16.14. Plains All American Pipeline has a fifty-two week low of $12.07 and a fifty-two week high of $19.03. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Tuesday, April 30th. Plains All American Pipeline's dividend payout ratio (DPR) is 91.37%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAA. Citigroup boosted their price objective on Plains All American Pipeline from $16.50 to $17.50 and gave the company a "neutral" rating in a report on Friday, March 1st. Stifel Nicolaus boosted their price target on Plains All American Pipeline from $18.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. The Goldman Sachs Group raised their price objective on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the stock a "sell" rating in a research note on Friday, April 12th. StockNews.com cut shares of Plains All American Pipeline from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Scotiabank assumed coverage on shares of Plains All American Pipeline in a research report on Monday, April 8th. They set a "sector outperform" rating and a $23.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.96.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.